HomeCan you help us find brilliant jobs for everyone who want to work?5G4321.. womenuni.comapril 2019 360 people out of beijing explore 360 degree globe-tech for all the peoplesare you a FEDICS networkerFirst 40 moon races on earth of SD Generationlivelihood challenges atlasGandhi's 20th C's most valuable networker?Mapping how world worked 2025 to 1000tenmoore health & edu for girls &Innovation's Inequality Millenniumg7's war on youthnews from fifth world people valuing livelihood education mostfake maths- species extinction10 ways to prevent west from ending our speciesthe world's most valuable lessonwhy BAT is not FAG - an alibaba.com linkedin grouphubs 1995^ 128^ moorehubs 2002^ 256^ moore2009^ 2016^ un reframes sustainability goals as west's false media takes youth to edge of extinction2016^ 1024^ mooreworld record jobs creators- sino-english editionwrjc sir fazle abedaudrey cheng and girls who codewrjc jack mawrjc xi jinpingabout publishers of world record job creatorswrjc pope francisexplorer david attenboroughdoes your nation understand belt road mappingTriple-I of Girl Sustaining Economiesgory - 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welcome to Brentrance.net a Chinese & English language translation subnetwork of British American Infrastructure Investment Banking - BAIIB.org questions welcome; chris.macrae@yahoo,co.uk washington dc bureau Norman Macrae Family Foundation- responsible for Year 50 of Entrepreneurial Revolution started at The Economist 1968

through BRI.school we seek friendships and youth world record jobs creators to open source 5th grade teachers curriculum of Belt Road Imagineering

we (linkedin UNwomens) value celebrating bangaldeh and china as the 2 greatest girls empowered economic miracles -both now huge win-wins with each other's sustainability generations ..................................................................................................................

FEB 2018  world record jobs creators : african and Mandela Belt Roads 2018 great opportunity south africa: ramaphosa jobs (60% of youth out of work) big challenge world change of progress to build cities and towns where families safe, productive, content: we will not tolerate plunder of public resourecs- youth/girls jobs summits; 2018 year of mandela (celebrate his 100 birthday with rise in ethical leadership) and new transparency; million new internships; south africa tourism to double mist welconing country in world; reallocate land for family food security as well as agrucultural grow...south africa hosts BRICS in september : see also china africa open sesame.
China and sustinability girl's networking economies (bangladesh BRAC is bencmark..........................................................................) have become the new magicians of world trade and zero youth unemployment
Imagine how - 2 main compasses who can be good neighbour of win-win world trade? Why are girl's sustainability knowhow
trade the most exciting : capalbe of 10 times more jobs growth and aligned to mother nature's reduced risk of human extinction?
see how to Imagine (Belt Road's) World Record Jobs Creation game.

 our collaboration networks and genre seeks to map 21st c as an era when jobs-rich youth education is the economy thanks to 1000 times more investment in communictaions tech 2016 versus 1946 


E1 XI Jinping

W1 pope francis jim kim  (paul farmer)


EconomistDiary: spring 2018 newsletter : how girls built sustainability's world and Brentrance- last call for english language speakers and edutech summits

can english spekaing friends see if this fits with prince charles sustainability goals needs? - if not can brand experts for city of london guild of marketors will lord stern and Ms Lin the daughter of president of asian infrastructure development bank gives us an audience at lse. They were asked last summer to report all US Eminent advisers good news on sustainability goals at Argentina G20. It is unclear whether an advanced report will be shared with Canada's G7 and Gateway17.

1.0 Girls empowered the 2 greatest social and economic (Keynsian) miracles of all time: Bangladesh and China. Both now need each other.

2.0 In 1971 Bangladesh was the biggest loser from Empire among 10 most populous nations. It had inherited the double short straw of colonization by Britain and then (West) Pakistan.

3 That girls since 1972 have been trusted (micro financed and micro educated) to develop more than half of the nation of Bangladesh is a miracle . But one thing is missing; Bangladesh needs a superport at Cox’s Bazaar and a superail through Myanmar and Thailand to China’s gold tech&human coast. This would become a win-win for every girl, family, community .across bangladesh myanmar thailand china, and gandhian india. 

4 From this the worlds of sustainable and peaceful knowhow could learn a lot more about Belt Road Imagineering (BRI.school). There are two other land blockages to the whole Eurasian coast. First help India see what it could gain with a super-rail and port -eg mumbai to kolkata to cox's bazaar. Then it would be connected to China’s gold coast and peace could recover western Raj with Pakistan thorough the Gwadar corridor china and aiib friends of superports have already mapped over to uae up suez and into med sea.

5 Of course the greatest peace move of all could then come from a superrail across Iraq and Syria. That would link in the whole of the rest of europe’s med sea coast as well as Egypt’s coastal belt to the african continent (Such a Eurasian coastline would be worthy of a bering st tunnel down americas west coast line with stevensons rocket replaced by musk's 1000 km/hour leading industrial revolution 4's way ahead )

6 Brentrance- for those who still value the English language- the empire having been the main cause of partitioned and angry neighboring nations can give back now while most coders gain from speaking english as well as chinese, and as the world's most exciting english student Jack Ma explores Damo Academy & Olympic trails. It should also fit the agendas of Theresa May's gift of BBC nature stories to Xi Jinping, and all the green dynamics the royal geographical society and british councils can muster

陈CHEN &                            CHENGS
In addition to the two Chens (now at columbia u and rhodes oxford) who were the only Chinese millennials attending Sir Fazle Abed's 80th birthday party,
The World Bank has nominated Audrey Cheng as one of the world's kindest supertrainers of coding for all girls and boys. It would help if someone back in Britain understood her goal. I will keep trying to see whether she can help chinese ladies complete sir fazle abed's 80th birthday wish uniting girl power of bangladesh, china and everywhere that wise education or gordon brown un envoy summits linkin, as well as wherever Japan's Emperor Order of Rising Sun for designing win-win trade is valued. This also takes british aid way beyond the terrors of oxfam's trickle-down approach.

chris macrae EconomistDiary.com   washington dc 240 316 8157

any errors are mine alone not any of the youth who spent last decade showing me these maps in bangladesh china and korea

the 2 attached maps allow people to doodle -and instead of guns should be at the reception of every american school, but then when if not now (Entrepreneurial Revolution year 50 since moon landing inspired dads first debates of 1000 times more connected tech-human worlds) will worldwide web realities begin and youth dreams end


E2 Sir Fazle

Game of Fives - what if every young person had access to teachings of XI Jinping, Pope Francis, Sir Fazle, A Guterres, Jack Ma  

E3 Jack Ma Why BAT is not FAG : DAMO  Maolympics

E5 Moon Jae-in #theeconomist Norman Macrae Family Foundation @obamauni wishes to thanks Korea and Moon Jae-in  for the 2 most graceful experiences of life : korean olympicsand aiib2017 Jeju www.economistdiary.com www.valuetrue.comImagine what youth can do... 

W2 A Guterres


유니세프 2016 #IMAGINE 프로젝트 SM엔터테인먼트 소속 아티스트들에 의해 재탄생 한 존 레논의 'Imagine'. 2015년 부터 준비한 2016 

 W7 musk up up and up: from electric cars to supertrains to feb 2018 biigest rocket in space - musk deserves the superstar status he is accorded in china and elsewhere - time the UN celebrated a new university of transportation? 


W3 Trudeau - you haven't lived if you haven't been at a gateway17 toronto 

(macron) Prodi

 Thanks to Sheikha Moza and eminent UN frineds new york could just see the greatest learning summit vakuing refugee and sustainabilty generations - sept 2018 WISE@UNGA

E4 Sheikha Moza  -from first lady of an oil emirate to first lady of education laureates and the future of new universities of sustainability generation

 w4 tim berners lee mit open everything linux negrpronte


E10 hujiang fu

W5 Harrison owen

realted: mwheatley - for any problem, communty is solution founder special olympics, blue green pioneer gunter pauli


E8 pres tsinghua 

qiu yong  (china’s hubs unicorn) now that there are 5 milion startups a year

W6 Quadirs  - picard legatum abdul latif polak


E5Moon Jae-in

W7 elon musk


E7 Mahbubani

W8 Kissinger albright


E6 President Ghana (education un eminent 15)- most truisyed leader of youth africa

E32 Patrick Awuah, ashesi  (belcher Mandela extranet)

E49 kagame


W9 bezos


E9 Nilekani? Modi kalam singh

E11 Softbank founder – genron leader – gov Tokyo  - founder genron ; governor Tokyo

E31 Varela Panama

W10 Soros or prince charles – sir danny lord stern

10 a ted turner – un found- 1776 leonsis 500women cf com-all

W11 W11 Erna Solberg Tw

W12 timo soini



Index of WRJC (version 1 to 2020)

E1 Xi Jinping (Rejuvenation global2.0; world's most transparent maps on win-win trade for allE99 Lee Kuan Yew E2 Sir Fazle Abed (world's favorite educator eg empowered girls to resolve poverty's greatest challenges, BRAC & Bkash)  
E3 Jack Ma leapfrog tech (big data small), ecommerce curriculum as one of china's 4 greatest inventions 1 -IR4  can develop 10 times bigger people-centred economics)  E98 Gandhi & Montessori & Mandela,  E4 Nilekani (bridges to English as 2nd most valuable language in world Modi, Kalam, Singh) W3 Tim Berners Lee (the www , we havent seen it yet- human collaboration can be so much bigger, bridge to any mit lab with human app) W2 Jim Kim being healthcare most courageous public servant leads to being the sanest western voice in world banking and most peace-loving North Korean American; ; W3  elon musk (hyperloop) W5 Pope Francis and W99 Pope John Paul; W4 Justin Trudeau , W2= Michael Palin, W6 Henry Kissinger -superpower mediator extraordinaire; E5 Yo-Yo Ma, IM pei.. Chengl Li Cultural leadsers sans frontieres; W7 George Soros; W8 Larouche family; W9 Williams & Freling & Prince Charles, Princess Anne;  E6 President Jae-in Moon and Governor Won; E7 Zhang Yue E8 Lei Jun, W10 Team Skoll including Briilliant & Gore & Oxbridge, W94 Ray Andersen W11 Team Branson including Bcorps , Steve Case 1776 hubs, and Climate War Room; W9 Team ted turner including jimmy carter, Rosa Parks lawyer (Tuskegee's  Booker T-W), and michelle bachelet, W12 Guterres, W13 Steven Shriver and Ban Ki-Moon, W14 Chris Patten, W15 Bangla-Americans including Quadir Brothers and Sal Khan, W16 Harrison Owen & Open Space storytelling alumni, E9 Muhammad Yunus, W99 Florence Nightingale (inc crick institute eg Paul Nurse) and Alexander Fleming and John Hopkins; W98 Adam Smith, James Wilson, and W Bagehot; W97 Keynes; W96 Deming E97 Akio Morita, E10 Toyota Foundations eg Abdul Latif, E11 UAE education hubs for valuing youth livelihoods eg Varkey and WISE, W95 Baltimore's founding daughters of social justice UB net including alumn Thurgood Marshall; W17 Don Tapscot ; W18 Paul Polak, E12 Pony Ma, E13 Rhen Zhengfei (Huawei), E14 Guo Guangchang (fosun) E15 Liu Chuanzhi (lenovo)E16 Feng Lun (vanton), E17 Yuriko Koike and Abe, e18 Li Ka-shing founder ckgsb e19 moreno, blum and perini, E20 robin li  W19 Thorkil Sonne, E21 Richard Liu JD w20 founder tesla w21 jeff bezos e22 founder of serve china. e23 satoshi, W22 negropronte, W23 Joi Ito, e24 masayoshi son W24 Rosalind Picard,, w25 marc andreesen. e25 wang chuanfu, w26 tim smit, w27 andrew ng, e26 mao daqing e27 moon jae-in  E28 Highness Sheikha Moza bint Nasser



W2 Jim Kim

We hope to publish first wave of 50 world record jobs creators by end September in time for student union classes 2017-2018


- to help contact chris.macrae@yahoo.co.uk - more on methodology -based on 45 year long curriculum of Entrepreurial Revolution:

  World Record Games of Jobs Creation

related references E2 Sir Fazle Abed E3 Jack Ma  (E10-20 China's most pursposeful business leaders - see WEN and Tech Choices) E4 Modi & Singh E5 Nilekani & Kalam  E6 Ban Ki Moon E7 Amma E8 Abdul Latif Toyota Foundation E9 Muhammad Yunus E21 Cheng Li and China's 25 most colabortaive thinktanks: E22 Nilekani and Kalam ; E23 Gandhi family lucknow'; E24  Maharishi; E25 Taddy Blecher; E26 founder Aflatoun E27 Varkey (& WISE) E28 Pratham founder

W1 Pope Francis W2 Antonio Guterres W3 Tim Berners Lee W4 Stven Shriver W5 Larouche W6 Kissinger W7 cultural friendship founders of c100  W8 Soros W9 Michael Palin W10 Jim Kim W11 Paul Farmer W12 Pierre Trudeau (& Macron?) W13 Williams & Freling W14 Quadir Brothers W15 Sal Khan W16 Bridges Intl founder W17 Wendy Knopf W18 Don Tapscott W19 Paul Polak W49 Jeff Skoll, W48 Larry Briliant, W47 Al Gore, W46 Williams & Freeling W45 Harision Owen, W99-97 Smith, Wilson, Keynes W96 Deming W95 Drucker W94 Theodore Levitt W93 Toffler (Naisbitt) W92 Florence Nightingale W91 Alexander Fleming W90 James Grant.  E99 team oral rehydration (and mother theresa), E98 Gandhi&Montessori. E97 Mandela E96 Emperor Hiro Hito, E95 Akio Morita and Prince Charles E94 founder of singapore as independent nation  


Both China and US have lost tens nay hundreds of millions of their childrens blood to other nations border problems-

special thanks to world record jobs creators : W1 kissinger, pope francis, deming, von neumann, keynes, wilson, smith

-example watch national geography's "who killed john kennedy" 

urgent opportunities world record jobs creators E1 jinping,?W2 trump, ?E6 Putin, ?E5 abe, ?E4 mae-in W3 Berners Lee W5 Soros W6 Laroche and whichever digital wizard turns un2.0

into the world's most truetd search and mooc of future's histories designed round all empowering win-win trading solutions around

worldwide sustainability of the ne(x)t generation  .....................................................................................

 Learn from World Record Job Creators such as:

W1 Kissinger MVP of mediating peace across superpower borders

E2 Sir Fazle Abed MVP of empowering livelihhods od world's poorest mothers and daughters

W4 Pope Francis translator of can faith's boundaries ever love our children enough as mother nature's greatest gift 


According to NatGeo, lee harvey oswald killen John Kennedy with an assist from thr FBI!  Like so many of civilsation's tragedies Oswad was turned mad for the love of a woman - his Russian wife. In trying to get her a visa he got trapped by the FBI whose double bureaucratic evil accused of him of being a Russian spy and telling him that he wou;ld never see his wife again unless he became a double agent. The story goes (we will nevr know if its true because even trump wasnt free to release all papers on this madness) : LHO was quie a cowadly man (not capable of spying for anyone) but precisely the kind that loose gun laws used to cause becoming infamous by assasintaing presidnts (now by mass shootings of familes singing for peace)

note on hupan uni

 Located in Hangzhou, Zhejiang province, the university was co-founded by nine entrepreneurs and distinguished scholars including Liu Chuanzhi, founder and chairman of Lenovo; Feng Lun, founder and chairman of Vanton Holdings; Guo Guangchang, chairman of Fosun Group; Shi Yuzhu, chairman of Giant Interactive Group; Shen Guojun, founder and chairman of Yintai; Qian Yingyi, dean of the School of Economics and Management at Tsinghua University; Cai Hongbin, dean of the Guanghua School of Management at Peking University; and Shao Xiaofeng, chief risk officer of Alibaba


note on how strange obam's view of East was

 The World Bank chief previously has signaled his openness to China’s planned bank, but this was his most extensive and explicit comment to date. He said the Washington-based World Bank also is prepared to work with the New Development Bank formed last year by the “BRICS” countries — Brazil, Russia, India, China and South Africa.

“We estimate that the world needs an additional [$1 trillion to $1.5 trillion] every year to be invested in infrastructure,” Mr. Kim told an audience at the Center for Strategic and International Studies. “I will do everything in my power to find innovative ways to work with these banks.”

Despite deep reservations and diplomatic pressure from the Obama administration, nearly four-dozen countries have signed on as founding members of the AIIB, including such longtime U.S. allies as Britain, Germany, South Korea, Australia and Israel. U.S. officials argue that new bank, backed in part by $50 billion in seed money from China, could duplicate work being done by existing multilateral lenders and undercut international standards on such issues as the environment and corruption.

 note on some innovation foci of brics

Proposals to be further explored
Ocean Cooperation

2. Establishment of the PPP Project Preparation Fund

3. Establishment of the BRICS Energy Cooperation Platform

4. BRICS Remote Sensing Satellite Constellation

5. Establishment of the BRICS Customs Training Center in Xiamen

6. Establishment of the BRICS Cultural Council
7. Establishment of the BRICS Council of Region
8. Tourism Cooperation

9. Creation of the Working Group on Regional Aviational Aviation 

 Annex 1 : BRICS Cooperation Outcome Documents

The following outcome documents have been adopted.

Press Communique of the BRICS Leaders Informal Meeting in Hamburg Political and Security Cooperation

1.Media Note of the Meeting of BRICS Ministers of Foreign Affairs/International Relations
2. BRICS Roadmap of Practical Cooperation on Ensuring Security in the Use of ICTs
3. Joint Communique on the Meeting of BRICS Special Envoys on Middle East Economic Cooperation
1. BRICS Action Agenda on Economic and Trade Cooperation
2. Seventh Meeting of the BRICS Trade Ministers Statement
3. BRICS Trade in Services Cooperation Roadmap
4. Framework on Strengthening the Economic and Technical Cooperation for BRICS Countries
5. BRICS E-Commerce Cooperation Initiative
6. Terms of Reference (ToR) of BRICS E-Commerce Working Group
7. Terms of Reference (ToR) of BRICS Model E-Po
8. BRICS IPR Cooperation Guidelines
9. Outlines for BRICS Investment Facilitation
10. Agreed Elements of Financial Deliverables of 2017 BRICS Finance Ministers and Central Bank Governors Meeting
11. BRICS Good Practices on PPP Frameworks
12. Action Plan for Deepening Industrial Cooperation Among BRICS Countries
13. Declaration of the Third BRICS Communications Ministers' Meeting
14. Strategic Framework of BRICS Customs Cooperation
15. BRICS Action Plan for Innovation Cooperation (2017-2020)
16. Hangzhou Declaration of the 5th BRICS Science, Technology & Innovation (STI) Ministerial Meeting
17. Action Plan 2017-2018 in the Framework of BRICS 2015-2018 STI Work Plan
18. Communique of BRICS Heads of Tax Authorities Meeting
19. BRICS Memorandum of Cooperation in Respect of Tax Matters
20. Declaration of the 2nd BRICS Energy Ministerial Meeting
21. Tianjin Statement on Environment of the Third Meeting of BRICS Environment Ministers
22. Joint Declaration of the Seventh Meeting of BRICS Ministers of Agriculture
23. Action Plan 2017-2020 for Agricultural Cooperation of BRICS Countries
24. BRICS Labour and Employment Ministers' Declaration
25. The BRICS Action Plan for Poverty Alleviation and Reduction Through Skills
26. Progress Report on the Implementation of the Strategy for BRICS Economic Partnership
27. Interbank Local Currency Credit Line Agreement Under BRICS Interbank Cooperation Mechanism
28. Cooperation Memorandum Relating to Credit Ratings Under BRICS Interbank Cooperation Mechanism
29. BRICS Partnership for Urban Environmental Sustainability Initiative
30. BRICS Joint Statistical Publication 2017
31. Terms of Reference (ToR) of BRICS Research Infrastructure and Mega-Science Projects Working Group
32. Terms of Reference (ToR) of BRICS Working Group on Science, Technology, Innovation and Entrepreneurship Partnership
33. Memorandum of Understanding Between BRICS Export Credit Agencies and the New Development Bank on General Cooperation
34. The BRICS Common Position on Governance in the Future of Work
35. BRICS Network of Labour Research Institutes Terms of Reference
36. BRICS Social Security Cooperation Framework
37. BRICS Agricultural Development Report 2017
38. Joint Statement of BRICS Business Forum 2017
39. Memorandum of Understanding Between the BRICS Business Council and the New Development Bank on Strategic Cooperation
40. Joint Declaration of BRICS Business Council on Regulatory Cooperation on Standards

People-to-People Exchanges
1. Action Plan for the Implementation of the Agreement between the Governments of the BRICS States on Cooperation in the Field of Culture
2. Letter of Intent for BRICS Alliance of Libraries Cooperation
3. Letter of Intent of the Founding of the BRICS Alliance of Museums
4. Letter of Intent on the Founding of the BRICS Alliance of Art Museums and National Galleries
5. Letter of Intent for Strategic Cooperation of the BRICS Alliance of Theater for Children and Young People
6. Joint Declaration of BRICS Countries on Strengthening Cooperation in Traditional Medicine
7. Tianjin Communique of BRICS Health Ministers Meeting
8. Beijing Declaration on Education of the Fifth Meeting of BRICS Ministers of Education
9. Action Plan of Promoting BRICS Media Cooperation
10. 2017 BRICS Youth Forum Action Plan
11. Chengdu Initiative of 2017 BRICS Friendship Cities and Local Governments Cooperation Forum
12. Quanzhou Consensus of BRICS Seminar on Governance
13. Fuzhou Initiative of the BRICS Political Parties, Think-Tanks and Civil Society Organizations Forum
14. The 9th BRICS Academic Forum Recommendations to the 9th BRICS Summit
15. Chengdu Consensus of the BRICS Film Delegations of the 2nd BRICS Film Festival
16. BRICS Film Collaboration Plan for the Years 2017 to 2021
17. BFA Program for BRICS Film Students and Talents
18. Joint Declaration on Film Traditional Culture Inheritance and Creative Development of Young Talents
19. BRICS Trade Union Forum Declaration
20. Statement by BRICS Tr Trade Unions to the BRICS Labour and Employment Ministers' Meeting

Note is also taken of the ongoing work on the following documents

Economic Cooperation
1. The Action Plan on BRICS IPR Cooperation
2. Agreement on Cooperation on the BRCS Remote Sensing Satellite Constellation
3. National Accounting Standards Setters of BRICS Countries Joint Statement
4. BRICS Joint Statement on Audit Regulatory Cooperation

People-to-People Exchanges
1. Memorandum of Understanding on the Establishment of the Council of Regions of BRICS States
2. Memorandum of Understanding on BRICS Sports Cooperation

Annex 2: Xiamen Action Plan

We take note of the following meetings and events held under China's BRICS Chairmanship before the Xiamen Summit.
Ministerial Meetings and Relevant Events

1. BRICS Leaders' Informal Meeting (7 July 2017, Hamburg)
2. Meeting of BRICS High Representatives for Security Issues (27-28 July 2017, Beijing)
3. Meeting of BRICS Ministers of Foreign Affairs/International Relations (18-19 June 2017, Beijing)
4. BRICS Sherpa/Sous-Sherpa Meetings (23-24 February 2017, Nanjing; 14-15 June 2017, Qingdao; 4-5 July 2017, Hamburg; September 2017, Xiamen)
5. BRICS Finance Ministers and Central Bank Governors Meetings/Finance and Central Bank Deputies Meeting (17 March 2017, Baden-Baden; 20 April 2017, Washington D.C.; 19 June 2017, Shanghai)
6. BRICS Local Currency Bond Fund Working Group (20 April, Washington DC; 18 June 2017, Shanghai)
7. BRICS Energy Ministerial Meeting (7 June 2017, Beijing)
8. Meeting of BRICS Ministers of Agriculture and Agrarian Development (16-17 June 2017, Nanjing)
9. BRICS Environment Ministers Meeting (22-23 June 2017, Tianjin)
10. Meeting of BRICS Joint Committee on Space Cooperation (2-3 July 2017, Haikou)
11. Meeting of BRICS Ministers of Education (4-5 July 2017, Beijing)
12. Meeting of BRICS Customs Cooperation Committee (5 July 2017, Brussels)
13. Meeting of BRICS Culture Ministers (5-6 July 2017, Tianjin)
14. BRICS Health Ministers Meeting and High-level Meeting on Traditional Medicine (6-7 July 2017, Tianjin)
15. BRICS Meeting of Drug Regulatory Collaboration (13-14 July 2017, Zhengzhou)
16. BRICS Science, Technology & Innovation Ministerial Meeting (18 July 2017, Hangzhou)
17. Meeting of BRICS Labor and Employment Ministers' Meeting (26-27 July 2017, Chongqing)
18. BRICS Communications Ministers' Meeting (27-28 July 2017, Hangzhou)
19. Meeting of BRICS Heads of Tax Authorities (27-28 July 2017, Hangzhou)
20. BRICS Industry Ministers Meeting (29-30 July 2017, Hangzhou)
21. Meeting of the BRICS Trade Ministers (1-2 August 2017, Shanghai)
22. Annual Meeting of the Board of Governors of the New Development Bank (1-2 April 2017, New Delhi)
23. BRICS Business Forum (3-4 September 2017, Xiamen)

Senior Officials/Working Groups/Expert Meetings

1. Meeting of BRICS Senior Officials on Environment (22 June 2017, Tianjin)
2. Meeting of BRICS Senior Officials on Education (4 July 2017, Beijing)
3. Meeting of BRICS Senior Officials on Culture (5 July 2017, Tianjin)
4. BRICS Health Senior Officials Meeting (5 July 2017, Tianjin)
5. Meeting of BRICS Senior Officials on Science, Technology & Innovation (17 July 2017, Hangzhou)
6. BRICS Business Council (31 March 2017, New Delhi; 31 August-2 September 2017, Shanghai & Xiamen)
7. BRICS Anti-Corruption Working Group Meetings (22 January 2017, Berlin; 9 April 2017, Brasilia)
8. BRICS Intellectual Property Examiner Training Seminar (20-24 February 2017, Nagpur)
9. BRICS Intellectual Property Coordination Group Meeting (22-23 February 2017, Nagpur)
10. Meetings of BRICS Contact Group on Economic and Trade Issues (20-21 March 2017, Beijing; 23-25 May 2017, Beijing; 30-31 July 2017, Shanghai)
11. Technical Meeting of BRICS National Statistics Offices (27-29 March 2017, Shanghai)
12. BRICS Working Group Meeting of Customs (29-31 March 2017, Xiamen)
13. Consultation of BRICS Middle East Special Envoys (11-12 April 2017, Visakhapatnam)
14. BRICS Employment Working Group Meetings (19 April 2017, Yuxi; 25 July 2017, Chongqing)
15. BRICS Environmental Working Group Meeting (25-27 April 2017, Tianjin)
16. BRICS Counter Terrorism Working Group Meeting (18 May 2017, Beijing)
17. First Meeting of BRICS Intellectual Property Rights Mechanism (23 May 2017, Beijing)
18. Working Group for the Meeting of BRICS Ministers of Culture (25 May 2017, Beijing)
19. BRICS Science, Technology & Innovation Funding Working Group Meeting (28-31 May 2017, Pretoria)
20. Meeting of BRICS Working Group on Security in the Use of ICTs (1-2 June 2017, Beijing)
21. Working Group Meeting on BRICS Energy Saving and Improvement of Energy Efficiency (5 June 2017, Beijing)
22. Meeting of Heads of BRICS Export Credit Agencies (12-15 June 2017, Hangzhou)
23. BRICS Working Group Meetings on Agricultural Cooperation (15 June 2017, Nanjing)
24. Technical Group Meeting of BRICS Interbank Cooperation Mechanism (28-29 June 2017, Beijing)
25. Working Group Meeting on Interbank Cooperation Mechanism (28-29 June 2017, Beijing)
26. Meeting of BRICS Heads of Delegation on AML (18-23 June 2017, Spain)
27. BRICS Foreign Policy Planning Dialogue (20-21 July 2017, Beijing)
28. BRICS Consultation of Experts on Peace-keeping Affairs (25 July 2017, Beijing)
29. Meeting of BRICS Experts on Tax Matters (25-26 July 2017, Hangzhou)
30. BRICS Working Group Meeting on ICT Cooperation (26 July 2017, Hangzhou)
31. BRICS Anti-Drug Working Group Meeting (16 August 2017, Weihai)
32. Annual Meeting of Interbank Cooperation Mechanism and Financial Forum (31 August - 2 September 2017, Beijing)
33. Meeting of BRICS Heads of Intellectual Property Offices (6-7 April 2017, New Delhi)
34. BRICS Working Group on Science, Technology, Innovation and Entrepreneurship Partnership (9 April, Bengaluru)
35. BRICS Working Group on ICT and High Performance Computing (23-26 April, Guangzhou)
36. BRICS Working Group on Research Infrastructure and Mega-Science Projects (15-16 May, Dubna)
37. BRICS Working Group on Solid State Lighting (19-24 June 2017, Hangzhou)

People-to-people Exchanges Events and Other Meetings
1. BRICS Young Diplomats Forum (30 May - 3 June 2017, Beijing & Linyi)
2. BRICS Media Forum (6-8 June 2017, Beijing)
3. BRICS Think-Tank Council Meeting (10 June 2017, Fuzhou)
4. BRICS Political Parties, Think Tanks and Civil Society Organizations Forum (10-12 June 2017, Fuzhou)
5. BRICS Games (17-21 June 2017, Guangzhou)
6. BRICS Film Festival (23-27 June 2017, Chengdu)
7. BRICS Friendship Cities and Local Governments Cooperation Forum (11-13 July 2017, Chengdu)
8. BRICS Trade Union Forum (24-25 July 2017, Beijing)
9. BRICS Youth Forum (24-28 July 2017, Beijing)
10. BRICS Young Scientist Forum (11-15 July 2017, Hangzhou)
11. BRICS Seminar on Governance (17-18 August 2017, Quanzhou)
12. BRICS Heads of Prosecution Services Meeting (August 2017, Brazil)
13. BRICS Think-Tank Symposiums (22 March 2017, Beijing; 15 May 2017, Guangzhou; 20 May 2017, Chongqing)
14. BRICS International Festival of Theatre Schools (14-21 May 2017, Moscow)
15. Meeting of BRICS Cooperation in the Field of Competition Law (16-20 May 2017, St. Petersburg)
16. Annual Forum "BRICS: Boosting Economic Cooperation" (1-3 June 2017, St. Petersburg)
17. BRICS Supreme Audit Institutions' Technical Cooperation Meeting (June 28-29, 2017, Pretoria)
18. International Congress of Women of SCO and BRICS Countries (2-4 July 2017, Novosibirsk)


What Everybody Needs to Know First About Economics

Economics designs peoples futures but this depends on what logics are analysed- here are the logics The Economist used in the early 19080s when it discussed how the net gneration could be the most productive time for youth


A nation/place cannot sustain growth unless its capital is structured so that family's savings are invested in their next generation's productivity.Norman Macrae's 1954 book on The London Capital Market provides chapter and verse. Historically it was timely as London's industrial revolution had planted most of the developed world's laws and financial instruments. Futurewise this book became a source for Norman's forty years of leadership challenges including 3000 editorials. THese became branded in the 2 genres of entrepreneurial revolution and future history of the net generation genre which he focused on from 1972. They script in practical details most of the changes that economists would need to make to historic rules if globalisation is not to collapse the worldwide financial system of 2010s

Norman framed his writings on future purposes huan most wanted around the idea that The Net Generation to 2024 would face change on a scale never previously experienced by our human race. To prevent risks and celebrate job creating opportunities Norman proposed in his 1984 book (The 2024 Report) that the world should unite around youth's most exciting millennium goal. He explained why economics would design the most popular futures if the goal was chosen as racing to end poverty everywhere. Reasons included: its possible, its exciting, it creates jobs post-industrial generation will need to design around collaborative technology, it can empower youth to joyfully unite cultures as we become borderless (more connected than separated), it aligns economics principles with nature's exponentially (compounding) rules of evolutionary selection which are community-up and open.

 download more profiles of 100 collaboration leaders of 2010s = youths most productuive decade 


We are shocked how few people know of the main findings of the renowned economist Maynard Keynes- increasingly only economics riles the world and the greatest risk to the future working lives of our children comes from elderly macroeconomists who hire themselves out to the biggest who want to get bigger.

Historically when faulty systems of macroeconomists ruined civilisations they fell one by one. But Einstein took Keynes logic further and hypothesised that the first generation to become more connected than separated by technology would be subject to a final exam. Now if we let erroneous macroeconomists rule whole continents of nations will collapse.

By 1976 my father (Norman macrae) -probably the last student of economics mentored by Keynes-  was writing at The Economist why the next half century would see the net generation tested - he called upon the genre of Entrepreneurial Revolution (ER) networkers to sort out the greatest  innovation challenge economics - and so the human race - will ever face .




The opportunity of 10 times more productivity for the net generation (with million times more collaboration technology than man's 1960's race to moon)

.The THREAT is preventing the threat of collapsing continent-wide system of value exchange. By 2020 the (exponential track impacting future) sustainanbilyty of every village around the globe will likely be lost or won

..logo3responsibility.jpg...How could we be experiencing record youth unemployent when we are living in a time of a million times more collaboration tech than a generation ago? According to research by Entrepreneur networks started at The Economist in 1976, we are 36 years off track in compounding 2 unustainable systems whose follies multiply each other
  • that caused by non-economic media which also distracts us with glossy images and soiundbites instead of future realities and integrated cross-cultural and inter-generational understanding - full briefing here
  • World's biggest maths error compounded by macroeconomists and all global professions with a ruling monopoly - see below
Discuss: what does everyone need to know about the way economists think and behave. Understand 2 opposite segments of E : The Unacknowledged Microeconomist and the Fatally Conceited.MacroEconomist

Keynes - because economics will incresingly rule the world, the greatest danger to the futures of youth is elderly macroeconomists where fame maks them compete to superpower over peoples  

 Boulding: ****the historic significance of capitalism is precisely a society in which exchange has become a more important source of power than threat**** in his book economics as science

Von hayek- given the fatal conceit in my profession, I really think you shouldn't be doing this - awarding me a first Nobel Prize in economics 
freedom of speech and everything about the future you want, NOW depends on enough people knowing how to play the value exchange game - and why that isnt exactly what the game of monopoly teaches - an exchange is where each side says I wants something from you so let's work out what I can do for you and purposefully improve on this over time through hi-trust communal feedback
debate difference between true capitalism and phoney capitalism
  • agree on a picture like that on the right- we have seen cases where one of the 10 coordinates shown felt the system had betrayed their greatest trust, and so zeroised the organsaition or network (even ones that accountants had been reprorting record profits ahd $100 billion equity
  •  start discussing multi-win models - see our 4 favorites from 36 years of debates with entrepreneuruial revoltionaries
  • choose say 12 markets whose future purpose is most vital to sustaining your children - and use media to agree what the greatest human purpose and corresponding mkilennium goals are that need investing in to fee each market and youth's working lives in serving the most valuable purpose
  • get those (including all parents?) who save across generations to throw out speculators from banking systems and capital markets - eg next time there is a bailout (which means taking your childrens money to refinance a bank) wipe out shareholders; let them set lawyers on old managers and any politicians their pr's lobbied; keep savings accounts safe; restructure bank so that it invests in youth productivity and sustaining communities not bubbles, and not trapping people in debt

Goodwill explains up to 90% of value impacts of any organsaition in a networked economy- yet no nation yet requires that organisations it licences to audit goodwii. 20 years of research has proved the following reciprocal relationship - the purposeful question" who would uniquely miss what if your organsaition did not exist?, has the reciprocal question why let your organisation contnue to exist if it has broken my life-crtiical trust it promised to serve



valuetrue capitalism maps how each side win-win-win from other sides communal purpose over time -this  goes back over 250 years to the criteria of free markets adam smith demanded freedom of speech questioned - he talked about the transparency of community markets where a rogue trader might fool some of the people but not for long and not for too big to fail! - the journal of social business edited by adam smith scholars at his alma mater Glasgow University advises people of any other tongue how to build up from adam's hi-trust ideas to such constructs as sustainable global vilage networking first mapped by schumacher (another keynes alumni) - we have a library of free articles for you to choose and translate from

phoney capitalism spins a monopoly, a non-free maket - one side rules by saying I want to take more and more from all of you- esentially this is what rules when global accountants audit only how much one side has profited/extracted withouth how much has it sustains other sides- phoney capitalism can only result in exponentai meltdown becuase so much has been extracetd from system that its unsustainable for human lives or for nature or for both

100millionjobcrisis - YouTube 

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    - in the 1990s I was working with big 5 accountants; I argued for a missing audit they needed to do as regularly as their monetisation audit; I called this how goodwill modelling multiplies value around a gravitational purspoe ewhise gials all sides want to progress over time; it turns out that in knowlege scetors over 90% of the future is bayesian predicatbale on quality of goodwill relationships-3 yeras before andersen crashed I usd this model to warn them that if they stoped multiplying conflicts around true and fair they would be zeroised by society- I didnt succeed in getting my advice to be acted on but at that time unseen wealth publications made by brookings and georgetwon had just been banned by the incolimng bush adminsitration - who didnt like to be told that without the second aidt risks would compound unseen- every collapse USA has seen a hand in during 2000s (and viralised to other nations since 2008) can be traced to this mathenatical error

    what can be done about this mess
    -debate difference between true cpaitalism and phoney capitalsim
    choose say 12 markets hose future purpose is most vital to sustaining your children - and use media to aggree what the greatest huan purspose and corresponding mkilennium goals are that need investing in
    get thse who save across generations to throw out speculators from bankiing systems - eg next time there is a bailout (which means taking your childrens money to refinace a bank) wipe out sharehilers; let them set lawyers on old managers and any politicians their pr's lobbied; keep savings acconts safe; restructure bank so that it invests in youth productivity and sustaining communities not bubbles, and trapping people in debt
    -if you do this today's millions times more coalbration technology than a generation ago can make the next decade the most productive time and joyful for youty and everyine to be alive instead of the most dismal time where natios led by old macroecnomist put youth out of work
    DO YOU KNOW...
    Q: Original Purpose of Economics? AThe Scotland of the 1750s was at the end of a first generation to have found their country taken over by England's Empire., So Adam Smith was motivated to start writing about how to design systems so that peoples could could look forward to their next generation sustaining more productive lives than they had had ... 7 quarters later keynes general theory issued humanity's greatest challenge- economics as a systems science had reached the state that only economics rules the world ... moreQ: What do the man-made systems that rule the world look like? A Purposeful value exchanges composed round 5 main flows of how productively peoples lives are used and 5 main demands human beings make as co-workers, customers, owners, stewards of the globe, stewards of society at the village level - moreQ: Why can't human race in 21st C be sustained with choice of economics made by 20th C biggest banks and govs etc? A Long Story: ER alumni are in their 37th year of offering debating scripts eg1 on wht some industrial age systems after world war 2 were designed to be too big to exist as the first net generation became more connected than separated by geographical borders ... What is known is that 2010s is most exciting decade to be an entrpreneur because our impacts define what will be possible for all our childrens' children more 

    World Class Brands are in 25th year (as a subnetwork of Norman Macrae's Entrepreneurial Revolution) of helping sustain the most purposeful organsiations or markets in the world. Core to any charter of purpose is a quiz revolving round this question
    - who would uniquely miss what if this didn't exist?. From this Q&A's list of trust-flows, economics maps how to connect producers and demanders of the exchange in multi-win models of purpose. Henceforth, potential conflicts with this goodwill model are audited and resolved at every cycle so that unique purpose is celebrated to lead the future by continuously multiplying the most value and trust. This model provides the simplest benchmark around all exponential impact metrics of sustainability investement can be calculated and the transparency of all multi-win models are webbed around pro-youth economics. Questions welcomed chris.macrae@yahoo.co.uk washington dc hotline 1 301 881 1655



    Not youth's economics of the world Not our schools of the worldYouthandYunus.comLeadersandYunus

    Muhammad Yunus expresses faith in entrepreneurs at G20 summit

    Posted on: November 23, 2011
    Category: News

    Microfinance Focus, November 4, 2011: Professor Muhammad Yunus was invited to deliver a key note speech during the G20 Young Entrepreneurs Summit held in Nice, France. Professor Yunus addressed an audience of more than 400 entrepreneurs from all G20 countries. In his speech, he shared his personal entrepreneurship experiences, his faith in young entrepreneurs to be the pillars of society and the need to include poor countries in the discussion process in making global decisions.

    Professor Yunus being an entrepreneur himself started off creating the Grameen Bank that provides microfinance services to the poor who had little access to financial provisions. From that, he ventured into a wide number of social businesses such as Grameen Nursing College, Grameen Eyecare Hospitals, Grameen Shakti, etc.

    He has always considered young entrepreneurs to be the most effective solution for the future. He said “In my opinion, G20 YES is a fabulous initiative, gathering so much energy and momentum from all over the world. Because of their creativity and leadership, provided that they commit to share the value they create, these 400 young entrepreneurs in this room can change the world.”

    Professor Yunus is also a member of the Millennium Development Goals (MDGs) Advocacy Group, advising the Secretary General of the United Nations. Hence, he believes that the next generation of youths should be handed over the process of the MDGs as soon as possible. He believes that entrepreneurs will have a key role to play in fulfilling the MDGs, if they are committed to the social value created by their companies, and social business can be part of the solutions.

    In his speech, he added that the G20 needed to broaden its scope to deal with the current world crisis. It can no longer remain a political forum with economic agendas. The G20 needs to create a social agenda as well. Professor Yunus proposes that ‘social business’ should be brought to the agenda of G20, as one of the concrete and effective solutions to be considered for immediate implementation so as to guide capitalistic investment towards social value and jobs creation, rather than sheer profit maximization strategies. A social business is a cause-driven business where profits stay within the company for its sustainability.

    Lastly, Professor Yunus concluded that the G20 should be expanded into the G25, where poor countries from each continent should be included in the global agenda which they are part of. He added that “Their problems are inter-related with others, and their proposals of solutions should be considered by the most economically advanced countries in making global decisions. A G25 would be a big step toward ensuring that global social issues are raised, and MDGs implementation is fully shared on the global agenda. And finally, because fighting poverty together is the only way to bring long lasting peace in this world.”

    Source: http://www.microfinancefocus.com/muhammad-yunus-expresses-faith-entrepreneurs-g20-summit

    inquiries chris macrae info @worldcitizen.tv us tel 301 881 1655 ; us office 5801 nicholson lane suite 404, North Bethesda, MD 20852 USA - skype chrismacraedc
     Mapping is a process of discovery. Crucially maps are only as usable as updating correctness of bottom up information. Think of your own use of a map. You look for the "you are here arrow". You want to be directed to somewhere/someone you dont know how to get to; you want your return vist to be safe as well as a value multiplying win-win.
    Does anyone remember the simplest findings of einstein and jon von neumann. Einstein proved that to innovate more value you need to go more micro in what you model; von neumann showed that there is more value to be networked by interfacing safe flows across systems instead of ruling over separation of boundaries. There isnt a single global metrics profession that gets these mathematical -and natural - principles right. Unless we change this global markets will cycle through ever greater collapse and more and more communities will lose sustainability. Mapmaking is that critical an idea to what the net genration will achieve in 2010s; but its also one that children from primary age up can action learn. Its simple. Its just that it works the other way round from top-down people's fatal conceit.
    It explores how to make the invisible principles and practices of real wealth creation visible, and therefore useable. Our planet needs case studies underline the search for new win-wins that build ‘system integrity’
    Trust-flow is the unseen wealth to invest sustainability in. Tranpsarently mapped it develops a goodwill gravity  tyhat invites with roleplayer in a community to multiply goodwill while sustaining their own cashflow.. Trust is not some vague, mushy, abstract warm-hearted sentiment. It is an economic powerhouse – probably just as economically and socially important as oil. 
    The point is, there are specific things you need to do to get trust flowing, just as there are specific things you need to do to get oil flowing. And like oil trust has a dark side. Right now, the world is awash with the carbon emissions which threaten the stability and sustainability of its ecosystems. Right now, the world is also awash with the ‘carbon emission’ of trust – mistrust. Indeed it may well be that our ability to tackle the one issue – the threat of environmental catastrophe – depends on our ability to tackle the other issue: how to generate, deepen, extend and sustain trust.>br>But what is the best way of doing this? One thing is for sure. You don’t build and sustain trust via some sentimental exercise of goodwill to all and sundry. There are three very simple principles at the heart of effective trust generation. 
    First, trust is generated via win-win relationships. It’s virtually impossible to generate or sustain trust without mutual benefit for those involved. But beneficial outcomes are not enough in themselves. For trust to be built and sustained, both sides need to signal a demonstrable commitment to finding win-win ways forward. Such a  commitment may require real changes to what we say and do. Second, real ‘win-wins’ are hardly ever purely financial or material. You don’t build trust simply by walking away with more cash in your pocket. Trust works at all the dimensions and levels of human exchange. Yes, it’s about financial and material rewards. But it’s also about purpose (what people want to achieve). It’s about politics with a small ‘p’: the use and abuse of power, the crafting and application of rules of fair play. And it’s about emotions: the sometimes overwhelmingly strong emotions, both positive and negative, that are generated when people deal with other peopleWhat’s constitutes a ‘win’ – a sense of real improvement – is therefore highly specific. It depends absolutely on the details of who the parties are, what they are trying to achieve, in what context. Building trus, therefore involves discovering these specifics. Just as oil doesn’t flow out of the ground, get refined and pump its way into motor vehicles automatically and without effort, so identifying and doing what is necessary to get trust flowing requires dedicated, skilled effort. It requires a disciplined, structured process, not a vague sentiment. 

    3) Third, even if we do steps 1) and 2) there’s still a good chance it won’t succeed. Why? Because it ignores an invisible third factor. In the real world, purely two way bilateral relationships don’t exist. There is always a third party whose interests or outcomes are affected by what the other two parties do but who is not a party to the contract. The environment is a case in point. Producers and consumers may both benefit from buying and selling to each other – but what happens if, in doing so, they destroy the environment they both depend on? 

    This raises a hugely important question. When two parties pursue win-wins and build mutual trust, are they doing so in a way which creates a win and builds trust for the third party at the same time? Or are they simply pushing the problems – and the mistrust – further down the line on to this third party? Building vigorous, healthy networks of trust is a different kettle of fish to ‘you scratch my back and I’ll scratch yours’ win-win conspiracies. It requires a Map of all the key relationships plus careful consideration of knock-on consequences. It requires a different perspective. 

    These three simple, basic steps do not happen automatically. They need to be worked at. The territory needs to be deliberately Mapped and explored. What’s more, there are obstacles in our way – mental and practical obstacles that need to be cleared. Prevailing economic theories about ‘rational economic man’ for example, deny the need to commit to win-win outcomes. Instead, they promote supposedly ‘rational’ (i.e. narrowly selfish behaviours) which actively undermine trust The same theories insist that the only valid measure of human benefit is money, thereby excluding from consideration many of the biggest opportunities for improvement. Meanwhile many vested interests do not want to extend the circle of trust to third parties and complete networks because their positions of power depend on their ability to take advantage of the weaknesses of these third parties. That’s another job for Mapping: helping to identify and mount such obstacles. 
    The potential benefits of doing so are unthinkably huge. They start with a simple negative: the relief that comes from when you stop banging your head against a brick wall. Mistrust breeds wasteful, wealth destroying conflict that tends to feed on itself. Anger and hatred engender anger and hatred. Simply easing or stopping the terrible waste of mistrust would transform prospects for many millions of people. We desperately need to find ways of doing this. Then there are the positive benefits. Understanding the real nature of human wealth – all those dimensions of purpose, ‘politics’ and emotion as well as money and material comfort – means we can start being human again; human in the way we think, and act. What’s more, many of these intangible benefits won’t cost a penny. They’re there for the taking, if only we puts our minds to it.
    But there’s more, because trust is also an economic superpower in its own right. In the pages that follow we will show conclusively that material and financial riches are also dependent on trust. In fact, we will argue the case for going one step further. We will say that material and financial riches are a by-product of trust: the visible fruits of invisible, intangible human exchange. Once you understand that sustainable cash flows are a by-product of sustainable trust flows, your understanding of what makes a successful business is transformed.
    Separately, each of these three fruits – reducing the waste of conflict, unleashing the potential intrinsic benefits of human exchange, and energising the sustainable creation of material wealth – are massive in their own right. Put them together and they represent a vast new continent of opportunity. 
    As we said, this book is addressed to entrepreneurs and system  innovation revolutionaries. Wherever you happen to be, whatever the change you want to make is, the principles explored in this book apply. The wish to change and the will to change are not the same as being able to change successfully. For that you need to understand your territory. You will need new Maps



    0.1 Has a continental or worldwide search solutions on job creation that can be replicated across communities been organised before this EU launch of Nov 2011?
    While alumni of entrepreneurial economics have always valued job creation searches- we know of no clear evidence that this has been top of mind in the way that continental-wide government has operated since 1984 even though it was scripted by The Economist's Unacknowledged Giant as the number 1 question the first net generation would need to mediate if sustainable futures and humanity's most needed millennium goals are to be served
    what's different about nov 2011 is 4 top directorates of the EU have nailed their future reputation to this search -more
    1mobamauniobamauni@obamauni bon mots hillary zero sum thinking leads to negative sum results http://www.erworld.tv/id347.html
    1hHCL TechnologiesHCL Technologies@hcltech Press Release: #HCLT listed for the fourth consecutive year in the @WorldBlu's "Most Democratic Workplaces" list. http://hclte.ch/KbzBGH Retweeted by Traci Fenton
    49mAl RobertsonAl Robertson@al_robertson About last night's British Council @time_image film collection launch, with three of my favourite BC films! http://bit.ly/IJwmsc #WhoWereWe Retweeted by Lloyd Davis

    The End of the EU part 1 http://www.pbs.org/newshour/rundown/2012/06/paul-krugman-on-europe-doing-the-unthinkable.html

    TRANSCRIPT: 'The Unthinkable'
    Video above.

    Tom Ashbrook: You're talking about, writing about the end of the EU, the end of the common currency.

    Paul Krugman: it's unthinkable except that continuing down the current path is unthinkable. Spain is actually the epicenter. The Spanish government did nothing wrong. Spain was running a budget surplus before the crisis. It had low levels of debt. But it had a monstrous housing bubble, as did a lot of places, largely financed by the way by German banks which were lending to Spanish banks, which then lent on. And when the housing bubble burst you were left with a severe, extremely severe recession, and so the answer has been government austerity which just makes the slump deeper.

    The alternatives to a breakup of the euro have to be Europe-wide solutions. And so the solution, if there is one, involves accepting a higher rate of inflation for Europe as a whole and that particularly means higher inflation in Germany. 
    --Paul Krugman

    What are Spain's alternatives here? Well, if they still had their currency, their own currency, the answer would be devalue, let the peseta drop, Spanish exports would become a lot more competitive, they'd be well on their way to recovery. They don't have their own currency, so people are saying: Well, you have to do all this stuff to stay within the Euro. At some point you say: Well, you know if your answer to our problem is just ever more suffering, ever more you know... 25 percent, 50 percent youth unemployment. If that's your notion of a solution, then maybe although it would be a very terrible thing to have the Euro breakup, maybe that's better than what we're doing. So that's becoming a real possibility now.

    The alternatives to a breakup of the euro have to be Europe-wide solutions. And so the solution, if there is one, involves accepting a higher rate of inflation for Europe as a whole and that particularly means higher inflation in Germany. Talk to the Germans about this and of course they go crazy, but you have to say to them: What is your answer? What you're doing right now is just a path to the collapse of the euro with enormous damage and radicalization and a lot of things that you don't want to see happen in Europe happening.

    TA: If the Germans can't take their foot off the brakes, they're just intrinsically and against history and everything else, Weimar, if they can't do it, what happens?

    PK: Then Europe breaks up and... No, I mean I think it's that stark. It really is, it really is that extreme because you know it's one of those things, you can't be saying that, but then you say: Well, let's talk this through. You know, let's as it said in the original edition of the Godfather - Let us reason together. Right? What are the ways that this can work out? And the current path is not one that can work out.

    It's like an irresistible force hitting an immovable object. On the one hand it's unthinkable that they'll allow the euro to fail because the euro is a terribly important thing, it's not terribly important economically, it would have been better off if they'd, if they had never done it, but now that it has been done, for it to fail is a defeat for the European project, the whole project of bringing peace, democracy, integration to a continent with a terrible history. So it's unthinkable that they'll allow it to fail, but it's also unthinkable that the Germans will accept moderate inflation which is the only solution any of us have been able to come up with. So one of two impossible things is going to happen. Your bet.


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